We advised the Italian concern SAPI S.p.a. on acquiring a 15% stake in the Cross financing company, which is a holding company for Rietavo veterinarinė sanitarija and Reneta. This is the first investment by the Italian concern in the Baltic countries.
The transaction is significant for both parties and as well as the whole region, as it will increase competitiveness in the market, facilitate investments in new products and technology, and increase exports and the involvement of other Lithuanian companies in producing higher value-added products.
SAPI has been providing standard collection, disposal, and rendering services to the agri-food industry throughout Italy for over 50 years. SAPI Group is also well known and firmly established in foreign markets: it has 34 production sites spread across Europe, Africa, Oceania, and North and South America.
Our team and services
Our team, consisting of partner Evaldas Dūdonis and of counsel Raminta Karlonaitė-Durnan advised the client on all transaction-related matters. The client was also advised on competition matters by partner Monika Mališauskaitė-Vaupšienė and associate Danas Šniutė.